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Cash and marketable securities Accounts receivable 2017 $50,000 350,000 500,000 $900,000 $250,000 Inventories 2016 $50,000 30

4. Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2016 and $1,200,000 in 2017. a. Calculate the inventory turnover for each year. Comment on your findings. b. What would have been the amount of inventories in 2017 if the 2016 turnover ratio had been maintained?

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4. Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2016 and...
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